Max Life Insuranceâ€™s CEO and MD Rajesh Sud says life insurance companies still have to deal with uncertain times as the regulator has not come out with clear guidelines, which could lead to a muted growth in new premium segment. In an interview with Aftab Ahmed, Sud said if current indication from Irda is to be believed, it would amount to getting approvals for 400-450 products. Excerpts Read more
Max Life Insurance reported a 15 per cent rise in profit before tax (PBT) at Rs 657 crore in the first nine months (April-December) of the current fiscal. Read more
Expressing concern over the numerous problems faced by the life insurance market, Rajesh Sud, CEO and Managing Director, Max Life Insurance has emphasised the need for budget 2013 to make this industry attractive for both policyholders and shareholders. Read more
Max Life Insurance, one of Indiaâ€™s leading life insurance companies in India, announced a â€œone-timeâ€ special bonus to all its active policyholders who have participating policies issued on or before 31st December 2005. The special bonus will be paid at the respective policy anniversaries commencing February 1, 2013. The special bonus would be calculated as a percentage of the annual premium paid. For the eligible policies, the longer the policyholder has been with the Company, the higher will be the percentage of the special bonus. Read more
Private insurer Max Life Insurance today reported 6 per cent growth in net profit at Rs 398 crore for the six months ended Â September 30, on the back of steady revenue coupled with better productivity and cost efficiency. The net profit stood at Rs Â 375 crore for the corresponding quarter last year, Max Life Insurance said in a release issued here. Read more
India’s proposal to allow more foreign investment in its $41 billion insurance business provides a lifeline for an industry starved Â of capital and squeezed by regulation – but it may not pass parliament and it may not be enough.
India’s insurance business was full of promise when it was thrown open to competition in 2000, but has instead been brought to Â its knees by losses, regulatory change, uncertainty and a sharp slowdown in economic growth.Read more